Custom Index Systems LLC Has $459,000 Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Custom Index Systems LLC lowered its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 17.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,295 shares of the financial services provider’s stock after selling 1,948 shares during the period. Custom Index Systems LLC’s holdings in Fidelity National Financial were worth $459,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares during the period. Windacre Partnership LLC grew its stake in Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after purchasing an additional 1,424,767 shares during the period. Victory Capital Management Inc. grew its stake in Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after purchasing an additional 640,829 shares during the period. First Eagle Investment Management LLC grew its stake in Fidelity National Financial by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after purchasing an additional 171,521 shares during the period. Finally, Cooke & Bieler LP grew its stake in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after purchasing an additional 184,078 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.3 %

FNF stock opened at $58.83 on Friday. Fidelity National Financial, Inc. has a twelve month low of $37.10 and a twelve month high of $60.19. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $54.67 and its 200-day moving average is $51.96. The firm has a market capitalization of $16.07 billion, a PE ratio of 19.35 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial increased their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Stephens reiterated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.80.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.